Business & Finance Club - Manchester: The Liverpool board have agreed the sale of the club to New England Sports Ventures (NESV), the owners of Major League Baseball's Boston Red Sox, the English Premier League club said on Wednesday.

However, the sale may not be straightforward as the club will first have to resolve a legal dispute with the current owners Tom Hicks and George Gillett, who had sought to sack members of the board in a final bid to keep control of the club on Tuesday.

The proposed sale has the support of the club's major creditor Royal Bank of Scotland (RBS), a source familiar with the situation told Reuters.

Liverpool Chairman Martin Broughton said he was disappointed the current owners had "tried everything to prevent the deal from happening" but added the agreement offered a good solution for a side enduring its worst start to a season for more than half a century.